Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please please give me a right option.. i know chagg policy is only one question bt due to chrona virus my bank transactions is temparary
please please give me a right option.. i know chagg policy is only one question bt due to chrona virus my bank transactions is temparary unavalaible.. please this my first time i am much loyal with chagg please provide this 6 corect answrr i will very very very thankfull to you dear expert... plz give me corect ans of each question plz
Where would accounts payable' most likely appear in a set of financial statements? In both the income statement and the balance sheet In the income statement before operating profit In the balance sheet under 'current liabilities In the balance sheet under 'non-current liabilities Page 1 of 10 2 The purpose of the income statement is to Review Later Show where the business's cash has come from and where it has been spent To give a detailed breakdown of key items shown in the primary financial statements Show the revenues, expenses and operating profit for the financial year Show, at a particular date, the sources of funds provided to a business by shareholders and others and how these funds have been used Page 2 of 10 3 What is the best definition of a non-current asset? Review Later An asset purchased for resale The total of current assets less current liabilities Expenditure made to fulfill a revenue obligation An asset intended for use on a continuing basis in the company's activities Page 3 of 10 4 Review Later Within how many months of the balance sheet date is a current liability usually payable? 24 months 12 months 1 month 6 months 5 Review Later What is the principal purpose of charging depreciation on non-current assets? to show the assets at their market value in the balance sheet To spread the cost of the assets over their estimated useful lives To ensure that sufficient fundse available to replace the assets To comply with the fundamental concept of prudence Review Later Where would changes in accounts payable' most likely appear on a cash flow statement? Under cash flows from operating activities Under cash flows from 'investing activities Under cash flows from investing activities and financing activities Under cash flows from operating activities and investing activitiesStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started